Total monthly cost of ownership
Cost to Own a Home in Hilliard, Florida
A $216,000 home here costs
$1,836per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $78,500 a year.
A standard mortgage calculator would have told you $1,178. The real number is $658 higher every month, 56% more than the payment most buyers budget for.
Compare Nassau County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Hilliard from a five-year rolling sample, and with about 2,993 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Nassau County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Hilliard against Nassau County and Florida
| Measure | Hilliard | Nassau County |
|---|---|---|
| Median home value | $216,100 | $351,100 |
| Median property tax | $1,372 | $2,558 |
| Effective tax rate | 0.635% | 0.729% |
| Median gross rent | $997 | $1,335 |
| Population | 2,993 | 94,653 |
The weather behind that power bill
Hilliard sits in Nassau County, which averages a high of 91.9°F in its hottest month and a low of 42.9°F in its coldest, with 53.4" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 2,803 cooling and 1,228 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Nassau County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Nassau County
Talk to someone who works this market
These are Hilliard averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Hilliard every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Hilliard?
A $216,000 home in Hilliard, Florida costs approximately $1,836 per month with 20% down at 7.24%. That is $1,178 principal and interest, $114 property tax, $131 homeowners insurance, $233 utilities and $180 set aside for maintenance.
What is the property tax rate in Hilliard?
Hilliard has an effective property tax rate of 0.635%, based on a median home value of $216,100 and median real estate taxes of $1,372. That is lower than the Nassau County average of 0.729%.
What is the average home price in Hilliard?
The median owner-occupied home value in Hilliard, Florida is $216,100, against $351,100 across Nassau County.
Is it cheaper to rent or buy in Hilliard?
Median gross rent in Hilliard is $997 a month, against $1,836 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Hilliard?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hilliard, Florida at today's rate takes a household income of roughly $78,500 a year. That covers the full $1,836 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hilliard, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Florida.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.